No other federal agency or commission operates in such a way that one person can essentially determine who gets a home loan, who can get a credit card and who can get a loan for college, said Jim Purcell, CEO of State National Bank. Dodd-Frank effectively gives unlimited regulatory power to this so-called Consumer Financial Protection Board, also known as CFPB, with a director who is not accountable to Congress, the President or the Courts. That is simply unconstitutional.

3 posted on 06/22/2012 9:06:13 AM PDT by TurboZamboni
(Looting the future to bribe the present)